How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy ...Middle East

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How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy
source : Time ( Middle East ) () 35
Raj Subramaniam became FedEx’s second ever CEO in the company’s 53-year history when he replaced founder Fred Smith in June 2022. It was a difficult time to take the helm: after the exuberance of runaway online shopping during the pandemic, global demand had began to slow significantly. Subramaniam even warned of a worldwide recession in September of that year, causing his company’s stock to plummet. FedEx and its competitors are still adapting to a world without as much online shopping, and Subramaniam has had to make adjustments. He said in 2023 that the company would combine all of its ground, air, and other operations as part of a $4 billion savings plan, and the company cut

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